100% Guarantor mortgage launched

NO deposit, 100% guarantor mortgage launched to help would-be first time buyers get a foot on the property ladder with a 5.25% three year fixed rate.

This parent assisted guarantor scheme requires a guarantee secured on a proportion of the parents property. This is a sensible way to allow  young people the benefit of property ownership without the parents having to stump up a large cash deposit.

Another sign from the mortgage industry that the property market is in recovery mode, encouraging that vital element, the first time buyer.

Posted on February 21, 2013 by Peter Marriott, in: Uncategorized

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